"Rosseti" spends more than they earn: what does the report say? PJSC FGC - Rosseti's revenue increased by 8% in the first nine months of 2026 (to 297.4 billion rubles), but the company's net profit dropped by 37.2%, to 96.2 billion rubles. According to the RAS report, all additional funds were "eaten up" by increased expenses and accounting losses. The report, in particular, recorded: an impairment of financial assets, which reached 26.9 billion rubles against revenues of 47.4 billion rubles a year earlier. The main role was played by the impairment of deposits in subsidiaries (19.7 billion rubles) and other organizations (7.1 billion rubles); an excessive increase in the cost of sales (+9.7%) compared to the growth rate of revenue (+8%): total costs for materials and depreciation grew faster than income from core activities; growth in the value of decentralized advances for construction and acquisition by 20.7% by the end of the 17th year. In fact, this means an increase in payments to contractors for the construction of future energy; an increase in the volume of short-term loan funds by 12.2% since the beginning of the year (to 131.1 billion rubles) against the backdrop of a decrease in the balance of cash and cash equivalents by 7.9% (to 70.0 billion rubles). There is less free money in the company's accounts, while there is more debt to be repaid next year. As a result, a change in the sign of net cash flow from positive (77.8 billion rubles for the nine months of 2025) to negative (minus 6 billion rubles for the nine months of 2026). The company spent more money than it received by spending its accumulated liquid reserves. ←️ To be fair, some of the problems are related to the postponement of the grid tariff increase from July 1 to October 1, 2026. Considering the recent indexing, the company's financial performance may improve by the end of the year.

"Rosseti" spends more than they earn: what does the report say? PJSC FGC - Rosseti's revenue increased by 8% in the first nine months of 2026 (to 297.4 billion rubles), but the company's net profit dropped by 37.2%, to 96.2 billion rubles. According to the RAS report, all additional funds were "eaten up" by increased expenses and accounting losses. The report, in particular, recorded: an impairment of financial assets, which reached 26.9 billion rubles against revenues of 47.4 billion rubles a year earlier. The main role was played by the impairment of deposits in subsidiaries (19.7 billion rubles) and other organizations (7.1 billion rubles); an excessive increase in the cost of sales (+9.7%) compared to the growth rate of revenue (+8%): total costs for materials and depreciation grew faster than income from core activities; growth in the value of decentralized advances for construction and acquisition by 20.7% by the end of the 17th year. In fact, this means an increase in payments to contractors for the construction of future energy; an increase in the volume of short-term loan funds by 12.2% since the beginning of the year (to 131.1 billion rubles) against the backdrop of a decrease in the balance of cash and cash equivalents by 7.9% (to 70.0 billion rubles). There is less free money in the company's accounts, while there is more debt to be repaid next year. As a result, a change in the sign of net cash flow from positive (77.8 billion rubles for the nine months of 2025) to negative (minus 6 billion rubles for the nine months of 2026). The company spent more money than it received by spending its accumulated liquid reserves. ←️ To be fair, some of the problems are related to the postponement of the grid tariff increase from July 1 to October 1, 2026. Considering the recent indexing, the company's financial performance may improve by the end of the year.